Swedbank raised its stake in Citigroup Inc. (NYSE:C) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,343,569 shares of the financial services provider’s stock after purchasing an additional 216,307 shares during the period. Swedbank owned about 0.09% of Citigroup worth $170,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of C. Godshalk Welsh Capital Management Inc. increased its holdings in shares of Citigroup by 15.9% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 5,475 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 750 shares during the last quarter. Israel Discount Bank of New York purchased a new position in shares of Citigroup in the 1st quarter valued at about $785,000. Good Life Advisors LLC purchased a new position in shares of Citigroup in the 1st quarter valued at about $209,000. SRS Capital Advisors Inc. increased its holdings in shares of Citigroup by 32.0% in the 1st quarter. SRS Capital Advisors Inc. now owns 4,480 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Citigroup in the 1st quarter valued at about $251,000. 78.59% of the stock is currently owned by institutional investors.
Shares of Citigroup Inc. (NYSE C) opened at $75.71 on Friday. Citigroup Inc. has a 1 year low of $55.23 and a 1 year high of $77.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $200,177.39, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.
Citigroup (NYSE:C) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same period last year, the firm earned $1.24 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. equities analysts predict that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th were issued a $0.32 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. Citigroup’s dividend payout ratio is currently 24.66%.
A number of research analysts have recently commented on C shares. Keefe, Bruyette & Woods set a $75.00 price objective on Citigroup and gave the company a “buy” rating in a report on Sunday, August 13th. Credit Suisse Group restated a “buy” rating and set a $83.00 price target (up previously from $73.00) on shares of Citigroup in a research note on Monday, October 9th. They noted that the move was a valuation call. Wells Fargo & Company restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Citigroup in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Citigroup currently has an average rating of “Buy” and an average price target of $75.83.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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